LONDON (AFP) – Oil prices rose on Friday on signs of increasing energy demand in the United States, traders said, as the market focus began switching to a meeting of the OPEC cartel next week.
New York’s main futures contract, light sweet crude for delivery in July, climbed 45 cents to 61.50 dollars a barrel.
Brent North [...]
LONDON (AFP) – Oil traded lower on Thursday as investors cashed in profits after an overnight rally that pushed prices above 62 dollars, traders said.
New York’s main futures contract, light sweet crude for delivery in July, fell 1.32 dollars to 60.72 dollars a barrel.
Brent North Sea crude for July delivery shed 1.29 dollars to 59.30 [...]
The average price of gasoline in the U.S. jumped 2.8 cents overnight to $2.169 for regular Friday, an enormous leap by recent standards.
The average is up 12.2 cents the past month, after having seemed stuck around $2.
But the sudden move is unlikely to be harbinger of a record year.
The jump in pump price reflects even [...]
NEW YORK (Dow Jones)–Crude futures traded lower Tuesday amid concerns that the swine flu outbreak would curb oil demand.
Light, sweet crude for June delivery traded traded $1.25, or 2.5%, lower at $48.89 a barrel the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.14 lower at $49.18 a barrel.
Commodities and [...]
SINGAPORE – Oil prices rose to $73 a barrel in Asia on Monday on expectations that OPEC will cut production quotas at an extraordinary meeting later this week.
Light, sweet crude for November delivery rose $1.16 to $73.01 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore. The contract Friday [...]
United States - By Tom Doggett
WASHINGTON (Reuters) - As the U.S. heating season gets underway, the average price that homeowners paid for heating oil was $3.67 per gallon this week, the government said Wednesday.
The nationwide heating oil price is 90 cents higher than a year ago, according the federal Energy Information Administration’s weekly [...]
Gregory Meyer
CRUDE oil futures ended down overnight after notching a fresh intraday low for the year on perceptions demand will slow.
Light, sweet crude for November delivery settled down $US1.11, or 1.2 per cent, at $US88.95 a barrel on the New York Mercantile Exchange yesterday.
Brent crude on the ICE futures exchange settled 30c lower at $US84.36 [...]
LONDON (AFP) — Oil prices Wednesday trimmed losses and pulled away from one-year lows after major central banks surprisingly slashed interest rates in a coordinated move aimed at rescuing the flagging global economy.
New York’s main contract, light sweet crude for delivery in November, was down 62 cents to 89.44 dollars a barrel.
London’s Brent North Sea [...]
